YANMAR VENTURES - Information

Investment in AMOGY, Inc.

March 23, 2023
Yanmar Ventures Co., Ltd.

Yanmar Ventures Co., Ltd. (HQ: Osaka, Japan; CEO/Managing Partner: Nobuyuki Oda) is pleased to announce that, through Yanmar Ventures I Investment Limited Partnership, it has made an investment in AMOGY Inc. (HQ: Brooklyn, NY; CEO and Co-Founder: Seonghoon Woo; hereinafter referred to as “Amogy”), a U.S. company that is developing an emission-free, energy-dense ammonia-to-power system using proprietary ammonia cracking technology.

Aiming to achieve decarbonization by 2050 with a focus on overseas in sectors such as shipping, industrial heavy machinery, and power generation, Amogy is working to develop their ammonia-to-power solution, a powerful emission-free advanced hybrid fuel cell system powered by ammonia. Based on its proprietary ammonia cracking technology, and substantial engineering capabilities, Amogy will meet the needs of various industries. Amogy has achieved a series of partnerships with major operating companies that face increasing decarbonization needs in their respective industries.

Under our vision of “A Sustainable Future,” the Yanmar Group is active in various business areas as we aim to realize an energy-efficient economy. Going forward, we will accelerate efforts to support customers who face the challenges of decarbonization in all sectors. To that end, we will consider strategic alliance with Amogy.

About Amogy

Company name: AMOGY Inc.
CEO and Co-Founder: Seonghoon Woo
Headquarters: 19 Morris Avenue, Brooklyn, NY 11205, United States
Business description: Amogy offers ammonia-based, emission-free, high energy-density power solutions
URL:

  • Note: Information contained in the news release is valid at the time of publication and may differ from the most recently available information.

Archive